10. Calculate the interest on a deposit of 7,000 at the rate of interest of 4.5 pa from 20 April 2017 to 24
November 2017
16
Answers
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0
Step-by-step explanation:
Here, principal =7000,R%=4.5%,T=7 months means 7/12 years.
Interest=ptr/100
= 7000×4.5×7/12/100
Interest =26,460
Answered by
8
Answer
Answer: 187.30.
Step-by-step explanation:
Deposit 7000 and interest rate 4.5 p.a. Interest per anum = 7000× 4.5/100 = 315. 1 year = 365 days. 365 day interest = 315. No. of days for 20 April 2017 to 24 Nov 2017 = 217. 217 day's interest = 315/365 × 217 = 187.30
Hi, This is your answer.
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